USDJPY Analysis – June 10, 2012
USDJPY breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 77.66 on daily chart. Further rise to test 80.60 key resistance would likely be seen next week, a...
Month: June 2012
AUDUSD Analysis – June 10, 2012
AUDUSD failed to break below 0.9390 (Oct 4, 2011 low), and rebounds from 0.9581, suggesting that a cycle bottom has been formed on daily chart. Further rise to test 1.0150 key resistance would likely be seen next...
GBPUSD Analysis – June 10, 2012
Being supported by 1.5236 previous low, GBPUSD rebounds from 1.5268, suggesting that a cycle bottom has been formed on daily chart. However, the bounce is treated as consolidation of the downtrend from 1.6301, another fall to retest...
EURUSD Analysis – June 10, 2012
EURUSD breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 1.2288. Initial resistance is at 1.2670, as long as this level holds, the price action from 1.2288 could...
If QE3 Is Really Imminent, Why Are Commodity Prices Trading So Poorly?
Fear that the global economies are about to contract further has sent the central bankers scrambling for a solution. To no one’s surprise, the central banks are going to figure out a way to loosen the money...
EUR/USD Hits 10-Day High
The euro hit a ten-day high against the US dollar during trading yesterday, following a positive Spanish bond auction which led to an increase in risk taking. By the end of European trading, the EUR/USD rose as...
USD/JPY Forecast June 8, 2012, Technical Analysis
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...
USD/CAD Forecast June 8, 2012, Technical Analysis
The USD/CAD pair fell initially during the Thursday session as the trading world believed Ben Bernanke would deliver some kind of message of further quantitative easing to the Congress, but “Uncle Ben” finally spoke up for the...
GBP/USD Forecast June 8, 2012, Technical Analysis
The GBP/USD pair initially spiked during the Thursday session as the “risk on” trade came back into the fray. However, by the end of the day we had given up quite a bit of ground and the...
EUR/USD Forecast June 8, 2012, Technical Analysis
The EUR/USD pair tried to rally for the session on Thursday as the markets expected Ben Bernanke to talk about stimulus in front of the Congress. The fact is that he didn’t explicitly say so, and even...